When can a financial creditor be offered Minimum Liquidation Value, Supreme Court answers

When can a financial creditor be offered Minimum Liquidation Value, Supreme Court answers
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The Supreme Court has held that a financial creditor can be offered Minimum Liquidation Value under a resolution plan in cases where the corporate insolvency resolution process has begun well before the amendment to Regulation 38 of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, which came into existence on October 5, 2018.

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